EQB (TSE:EQB) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Shares of EQB Inc. (TSE:EQB - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$101.89 and traded as low as C$95.04. EQB shares last traded at C$95.38, with a volume of 60,741 shares traded.

Analysts Set New Price Targets

EQB has been the topic of several research reports. National Bankshares increased their price objective on shares of EQB from C$109.00 to C$117.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Royal Bank of Canada lowered their target price on EQB from C$153.00 to C$147.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Desjardins cut their price target on shares of EQB from C$130.00 to C$126.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Scotiabank decreased their price target on EQB from C$130.00 to C$119.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Jefferies Financial Group decreased their target price on EQB from C$126.00 to C$107.00 in a report on Monday, April 21st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, EQB presently has a consensus rating of "Moderate Buy" and a consensus target price of C$120.60.

EQB Stock Up 1.3%

The firm has a 50 day simple moving average of C$94.34 and a two-hundred day simple moving average of C$101.64. The stock has a market capitalization of C$3.68 billion, a P/E ratio of 14.82, a PEG ratio of 0.34 and a beta of 1.59.

EQB Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.51 per share. This is an increase from EQB's previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, March 14th. EQB's dividend payout ratio (DPR) is presently 29.31%.

About EQB

EQB Inc formerly Equitable Group Inc trades on the Toronto Stock Exchange TSX: EQB and EQB.PR.C and serves over 360000 Canadians through its wholly owned subsidiary Equitable Bank Canadas Challenger Bank. Equitable Bank has grown to become the countrys eighth largest independent Schedule I bank with a clear mandate to drive real change in Canadian banking to enrich peoples lives.